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Biz & Tech

Construction

Mon, September 20, 2021 | 06:02

Hyundai E&C wins deal on high-rise redevelopment in Singapore

Major South Korean builder Hyundai Engineering & Construction said Monday it has clinched a 240 billion-won ($207 million) contract to redevelop a high-rise building in Singapore.

2021-09-06 14:07

HMM, labor unions reach last-minute wage deal

The worst of an ongoing union struggle is over as HMM, the country's leading maritime shipping company, came to a last minute agreement with its labor union over wages, Thursday, 77 days after negotiations began.

Kim Hyun-bin | 2021-09-02 16:22

Daewoo E&C continues social contributions amid COVID-19

Marking the 76th anniversary of the country's liberation day in mid-August, Daewoo Engineering & Construction (Daewoo E&C) has been involved in a volunteering campaign to renovate housing for descendants of independence fighters during the 36-year Japanese occupation in the earlier part of the 20th century.

2021-08-31 14:39

Private companies spearhead global space race

The competition in the global space industry is heating up, with billionaire moguls making dramatic moves to spearhead the advancement of commercial space travel. The commercialization of the space industry by the private sector is quickly gaining momentum, resulting in renewed interest in the public sector as well, contrary to major space projects in the past which were led ...

Kim Hyun-bin | 2021-08-29 15:05

GS E&C stabilizes position as strong railroad constructor

GS Engineering & Construction (GS E&G) has a strong record of rail modernization projects in Korea. In the past 20 years, it has joined in 45 domestic projects worth 3 trillion won ($25.6 billion).

2021-08-26 15:28

HanmiGlobal makes top 10 list of non-US international project management firms

HanmiGlobal made it to a non-U.S. global list of top project management firms, the company said Tuesday. The firm ranked 10th in U.S.-based construction industry and engineering news magazine Engineering News Record (ENR)'s 2021 ENR Top International Survey's “global construction management and project management” category.

Kim Bo-eun | 2021-08-24 15:32

POSCO to finalize steel price deal with Hyundai, Samsung

Local steelmakers are on the verge of coming to a consensus with heavy industry companies in setting the steel plate price for the second half of this year. According to the industry, the steelmakers and local big three heavy industry companies ― Hyundai Heavy Industries, Daewoo Shipbuilding & Marine Engineering (DSME) and Samsung Heavy Industries ― went through tough negotia...

Kim Hyun-bin | 2021-08-18 16:38

Prosecutors raid Hyundai Heavy for allegedly hampering FTC probe over unfair trade

Prosecutors have raided Hyundai Heavy Industries' headquarters in the southeastern city of Ulsan for allegedly destroying evidence to avert the antitrust watchdog's investigation into unfair business practices, judicial sources said Tuesday.

2021-08-17 14:18

Regulator set to take measures against shippers' alleged price fixing

South Korea's antitrust regulator will soon decide on punitive actions against the country's leading shipper, HMM, and other shipping lines over suspected price fixing, government sources said Sunday.

2021-08-15 13:07

US FMC to conduct surcharge investigation against HMM, SM Line

The U.S. Federal Maritime Commission (FMC) is conducting an investigation into Korea's local marine shipping companies HMM and SM Line, to check if the companies implemented surcharges lawfully at a time when the companies charged record-high container freight rates.

Kim Hyun-bin | 2021-08-08 16:36

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